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Murrey Math Oscillator Pro
Murrey Math Oscillator Pro is a new oscillator calculated based on the position of price in relation to the midline of the Donchian channel, with options for price smoothing. Our calculation formula ensures that the indicator values oscillate between -100 and 100.
The Murrey Math's concept was then applied to this product to divide the range of the oscillator values into 8 regions (hence the product name):
- Positive Quadrant 1st: 0 to 25
- Positive Quadrant 2nd: 25 to 50
- Positive Quadrant 3rd: 50 to 75
- Positive Quadrant 4th: 75 to 100
- Negative Quadrant 1st: 0 to -25
- Negative Quadrant 2nd: -25 to -50
- Negative Quadrant 3rd: -50 to -75
- Negative Quadrant 4th: -75 to -100
For ease of recognition, the oscillator plot can be colorized in 8 different user-defined colors corresponding to these 8 quadrants.
A moving average of the oscillator was added to help generate reversal signals, which become the best value of this indicator:
- A bullish reversal signal is provided if the oscillator crosses above its moving average in the lower zone.
- A bearish reversal signal is provided if the oscillator crosses below its moving average in the upper zone.
The upper & lower zones are identified based on "Strict Mode":
- "Strict Mode" enabled: The upper zone is above 75 and the lower zone is below -75.
- "Strict Mode" disabled: The upper zone is above 50 and the lower zone is below -50.
Alerts:
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Popup alert
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Sound alert (configurable rearm)
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Email alert (possibly configured as SMS alert)
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Message displayed in Alerts Log window
NinjaScript readiness:
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Can be used in HelloWin Backtest - our AMAZING backtesting software @ HelloWin.io
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Can be used in Market Analyzer
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Can be used in BloodHound
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Can be used in 3rd-party indicators, strategies, products
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Professional & clean signature for easy calling
- Signal_Trade: 1 = bullish, -1 = bearish, 0 = no signal
- Signal_State:
- 4 = positive quadrant 4th (75 → 100)
- 3 = positive quadrant 3rd (50 → 75)
- 2 = positive quadrant 2nd (25 → 50)
- 1 = positive quadrant 1st (0 → 25)
- -1 = negative quadrant 1st (0 → -25)
- -2 = negative quadrant 2nd (-25 → -50)
- -3 = negative quadrant 3rd (-50 → -75)
- -4 = negative quadrant 4th (-75 → -100)
Usability:
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Ready to use out of the box
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Fully configurable & customizable with ease
Software Changelog
- 24 Nov 2022 - The indicator was released (build new).
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Murrey Math Oscillator Pro $$
5 5George100%I found this site in search for new Trading Systems and Indicators etc. At a glance I under-estimated several of the indicators and what they were designed to do. Quickly I realized that these indicators packs a punch. When I had any issues Robin in Support and others are always eager to help. When its day for me, its night for support. Just keep that in mind. Excellent Support system.
These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.
Benefits
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For just a one-time payment, you will get:
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PREMIUM product with meticulous dev & design
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LIFETIME license, without any hidden fees
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FREE exchange within 15 days
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FREE world-class support, for life
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FREE upgrade for NinjaTrader 8, for life
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FREE access to our self-served licensing system
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FREE remote assistance if you cannot install yourself
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Why ninZa.co ???
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Integrity & reliability
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30,000+ users worldwide
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150+ indicators & packages
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450+ reviews with 5 stars
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10 years in the business
INSTALLATION
Please read Installation Guide for details.
SUPPORT
FREE support for life! Feel free to ask us anything, anytime.
On NinjaTrader 8, you even have access to
our PRIORITY SUPPORT directly from charts.
Please read Customer Service
for details.
SOFTWARE UPGRADE
All software upgrades for NinjaTrader 7 are absolutely FREE of charge.
All software upgrades for
NinjaTrader 8 are absolutely FREE of charge.
A one-time low fee may be required for an upgrade from
NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.
TERMS
ALL SALES ARE FINAL & NON-REFUNDABLE!
Because software products may be copied and stored easily, we will
NOT issue refunds of any kind.
Upon purchasing this software, you agree to be bound by Terms of Service.
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